Section 54-A. Security where coverage is in issue

Where the issue of policy
  coverage  is raised by a carrier in any hearing or proceeding before the
  board, and an appeal by the carrier, or the making of an application for
  review is made, although an award is made to a claimant therein  against
  the  employer  and  carrier, the chairman may, nevertheless, require the
  employer to deposit the amount of said award or  furnish  such  security
  therefor as may be deemed satisfactory by said chairman. If the employer
  shall  fail to make such deposit or give such security, the award may be
  enforced promptly against said employer by the entry of judgment by  and
  in  the  name  of  the  chairman,  for and in behalf of such claimant in
  accordance with the provisions of  section  twenty-six  hereof.  In  the
  event  that  the  award made as against the carrier is finally affirmed,
  the employer shall be entitled to the return of said security  deposited
  or, if the said award has been paid, to an award by way of reimbursement
  against  the said carrier for the amount of money paid upon the award or
  judgment entered thereon to the  claimant.  If  the  award  against  the
  carrier  is  finally reversed on appeal, then the carrier is relieved of
  liability and not otherwise.